So if we do another piss poor job on Bp and only get 50% recoveries we’re producing 130,000 tonne spod pa? If we keep our “ lowest cost” producer around $1200 a tonme. Then it all comes down to spod price and the multiple the market wants to give us. I’m just gonna say at some point while we’re getting 50% recoveries over the next 5to 8 years spod will be trading at $3000 us . And I think we will at some point whilst making a profit we will get valued at a pe of 8 . That gives us around a market cap of $1.8bil. So provided we got enough cash and no more raise we should see $.85 some time in next 5 years. Quite possibly more if the stars align. Get recoveries up around 80-90, continual exploration drilling hits, spod gets back on a run ( which I think will happen on multiple occasions until market matures, there will be spikes and crashes for a while yet). so in conclusion of my expert analysis here I’d say it a long wait to get your money back if your bought over $1, but you’ve got a good chance of getting it back and a shot at making some bucks. Loving the raise over on LTR. Oppurtunity to get back in at quite a reasonable cost. All the board are in on the cr. The chairman’s in with a conditional placement for 6 million shares $10.8 mill. The same math applied above with 50% recoveries and a $3000 spod price gives about 20% upside, with the size of that one though the upside if they get it right is intoxicating. I see little mid-long term risks. I applied $1200 as the c1 closer to Cxo rather then the $650 they forecast. But these I just get this feeling like the team at LTR know what they’re doing, they are all over this. Anyway Albermale but happy with the 10 % dilution and Multiple party finance package?? Not they I’d know but sounds alright to me. Just dribbling now. Nigh nigh everyone
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